VOL. XLV

No 8

25 February 2002

BAHRAIN

Al-Hidds $300Mn Facility To CloseEarly March, BAPCO And Alba To Follow

Finance for the Phase II expansionproject at Bahrains al-Hidd electricity generation/water desalination projectis set to close next month with a $200mn export credit agency (ECA) facilityfrom Switzerlands ERG and a $100mn commercial bank loan from the four-banklead arranger group. MEES understands that HSBC, BNP Paribas, Bank ofTokyo Mitsubishi and the Bank of Bahrain and Kuwait have...